Saab AB - Unsponsored ADR (OTCMKTS:SAABY) Sees Significant Growth in Short Interest

Key Points

• Saab AB's short interest surged by 276.4% in September, reaching a total of 27,100 shares compared to 7,200 shares at the end of August.
• Brokerages have adjusted their ratings for Saab, with two firms downgrading it to a "strong sell" while one analyst maintains a Strong Buy rating.
• Saab's current stock price is $30.31, and the company has a market capitalization of $32.45 billion with a reported EPS of $0.29 for the last quarter.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 27,100 shares, a growth of 276.4% from the August 31st total of 7,200 shares. Based on an average daily trading volume, of 156,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 156,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAABY. Barclays upgraded Saab to a "strong sell" rating in a research report on Monday, September 8th. Citigroup lowered shares of Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. Finally, Pareto Securities upgraded shares of Saab to a "hold" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Saab Trading Down 1.0%

Shares of SAABY stock opened at $30.31 on Thursday. Saab has a fifty-two week low of $9.68 and a fifty-two week high of $31.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 1.30. The stock has a 50 day simple moving average of $27.86 and a two-hundred day simple moving average of $24.99. The company has a market cap of $32.45 billion, a P/E ratio of 49.69 and a beta of -0.02.

Saab (OTCMKTS:SAABY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The company reported $0.29 EPS for the quarter. The company had revenue of $2.05 billion during the quarter. Saab had a net margin of 7.45% and a return on equity of 13.82%.

About Saab

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.

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